Soechi Lines (Indonesia) Market Value
| SOCI Stock | IDR 159.00 1.00 0.63% |
| Symbol | Soechi |
Soechi Lines 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Soechi Lines' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Soechi Lines.
| 09/28/2024 |
| 12/27/2024 |
If you would invest 0.00 in Soechi Lines on September 28, 2024 and sell it all today you would earn a total of 0.00 from holding Soechi Lines Tbk or generate 0.0% return on investment in Soechi Lines over 90 days. Soechi Lines is related to or competes with Perusahaan Gas, Indo Tambangraya, and Aneka Tambang. PT Soechi Lines Tbk provides shipping and ship building services in Indonesia More
Soechi Lines Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Soechi Lines' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Soechi Lines Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.89 | |||
| Value At Risk | (3.65) | |||
| Potential Upside | 1.78 |
Soechi Lines Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soechi Lines' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soechi Lines' standard deviation. In reality, there are many statistical measures that can use Soechi Lines historical prices to predict the future Soechi Lines' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.5769 |
Soechi Lines Tbk Backtested Returns
Soechi Lines Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0866, which indicates the firm had a -0.0866% return per unit of risk over the last 3 months. Soechi Lines Tbk exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Soechi Lines' Coefficient Of Variation of (1,021), variance of 2.85, and Risk Adjusted Performance of (0.07) to confirm the risk estimate we provide. The entity has a beta of -0.3, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Soechi Lines are expected to decrease at a much lower rate. During the bear market, Soechi Lines is likely to outperform the market. At this point, Soechi Lines Tbk has a negative expected return of -0.15%. Please make sure to validate Soechi Lines' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Soechi Lines Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Soechi Lines Tbk has modest predictability. Overlapping area represents the amount of predictability between Soechi Lines time series from 28th of September 2024 to 12th of November 2024 and 12th of November 2024 to 27th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Soechi Lines Tbk price movement. The serial correlation of 0.54 indicates that about 54.0% of current Soechi Lines price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 19.97 |
Soechi Lines Tbk lagged returns against current returns
Autocorrelation, which is Soechi Lines stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Soechi Lines' stock expected returns. We can calculate the autocorrelation of Soechi Lines returns to help us make a trade decision. For example, suppose you find that Soechi Lines has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Soechi Lines regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Soechi Lines stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soechi Lines stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soechi Lines stock over time.
Current vs Lagged Prices |
| Timeline |
Soechi Lines Lagged Returns
When evaluating Soechi Lines' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soechi Lines stock have on its future price. Soechi Lines autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Soechi Lines autocorrelation shows the relationship between Soechi Lines stock current value and its past values and can show if there is a momentum factor associated with investing in Soechi Lines Tbk.
Regressed Prices |
| Timeline |
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Soechi Lines financial ratios help investors to determine whether Soechi Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Soechi with respect to the benefits of owning Soechi Lines security.